1,700 per cent returns in this multibagger stock; Board likely to announce bonus shares!
From Rs 5.67 per share to Rs 644.05 per share, the stock gave astounding returns of over 11,258.91 per cent in just 3 years.
NINtec Systems Ltd provides software development services and solutions announced that the meeting of the Board of Directors of NINtec Systems Limited is scheduled to be held on Monday, June 19, 2023 at 03.30 pm to transact the following business –
1. To consider the increase in the authorized capital of the company.
2. To consider the proposal for the issue of bonus shares to the existing shareholders of the company.
3. To consider and transit any other business which may be placed before the Board with the permission of the Chairman.
On Friday, one of the Top Gainers on BSE, shares of NINtec Systems Ltd surged 5 per cent upper circuit to Rs 644.05 per share. The stock also traded at a new 52-week high of Rs 644.50 per share. The shares of the company are hitting back-to-back upper circuits and 52-week highs.
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According to the financials, the company have a market cap of over Rs 650 crore with a 3-year CAGR of 385 per cent. The company reported amazing numbers in its Quarterly Results and annual results. The stock had a ROE of 34 per cent and a ROCE of 45 per cent.
The stock gave multibagger returns of 1,797 per cent in just 1 year. From Rs 5.67 per share to Rs 644.05 per share, the stock gave astounding returns of over 11,258.91 per cent in just 3 years. Investors should keep an eye on this micro-cap stock.